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Click and mortar: The acceleration of technology in construction in the GCC
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The future of the construction sector hinges on how swiftly players adapt to newer technologies
by Jihad Bsaibes
May 19, 2021
The opportunities and headwinds created by Covid-19 have forced the construction sector to accelerate its digitisation targets. Digital transformation is imperative for offsetting pandemic-induced delays and cost overruns and achieving future sustainability and profitability in a dynamic market.
The World Economic Forum estimates that within 10 years, full-scale digitisation could unlock savings between $700bn and $1.2 trillion in design, engineering, and construction.
Join MEED and Oracle s live discussion on the role of digital innovation in the GCC s leisure and tourism projects
Over the past year, the Covid-19 pandemic has had a devastating impact on international travel and tourism. And its legacy is set to affect the tourism and leisure sector for years to come.
Despite this, the tourism and leisure sector remain pivotal to the region’s long-term development plans, and investments in major new resorts and hotels are continuing across the region.
But Covid-19 has thrown up a host of new, and often unexpected, challenges that have forced investors, developers and operators to adapt their plans to ensure greater resilience in the future.